Unilever (NYSE:UL) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Tuesday.
According to Zacks, “Unilever plc is engaged in manufacturing of branded and packaged consumer goods, including food, detergents and personal care products. The Company also has interests in specialty chemicals. Unilever sells its products internationally. “
Separately, JPMorgan Chase & Co. reissued a “neutral” rating on shares of Unilever in a research report on Tuesday, February 27th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Unilever has a consensus rating of “Hold” and an average price target of $63.00.
Shares of Unilever opened at $55.98 on Tuesday, according to Marketbeat Ratings. Unilever has a one year low of $50.74 and a one year high of $60.13. The stock has a market capitalization of $69.03 billion, a PE ratio of 22.13, a PEG ratio of 3.05 and a beta of 0.81.
Institutional investors and hedge funds have recently made changes to their positions in the company. Rockefeller Financial Services Inc. grew its position in shares of Unilever by 2.2% in the 4th quarter. Rockefeller Financial Services Inc. now owns 242,982 shares of the company’s stock valued at $13,447,000 after acquiring an additional 5,243 shares during the period. California Public Employees Retirement System bought a new stake in shares of Unilever during the 4th quarter worth about $79,468,000. Bristol County Savings Bank boosted its holdings in shares of Unilever by 15.4% during the 4th quarter. Bristol County Savings Bank now owns 28,515 shares of the company’s stock worth $1,578,000 after buying an additional 3,795 shares during the period. Destination Wealth Management boosted its holdings in shares of Unilever by 6.6% during the 4th quarter. Destination Wealth Management now owns 93,048 shares of the company’s stock worth $5,149,000 after buying an additional 5,732 shares during the period. Finally, Lourd Capital LLC bought a new stake in shares of Unilever during the 4th quarter worth about $223,000. 7.06% of the stock is owned by institutional investors.
Unilever PLC operates in the fast-moving consumer goods industry worldwide. It operates through Personal Care, Home Care, Foods, and Refreshment segments. The Personal Care segment offers skin care and hair care products, deodorants, and oral care products. The Home Care segment provides home care products, including powders, liquids and capsules, soap bars, and various cleaning products.
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